$500 million lost to liquidations in latest plunge
Crypto markets saw a sharp leverage reset over the past 24 hours, with more than $584 million in positions liquidated, as heavily skewed long positioning was forced out amid thin liquidity and fragile risk sentiment.
Bitcoin and major altcoins fell throughout U.S. trading hours as macro uncertainty continued to pressure risk assets. Many crypto-related stocks, including leaders Coinbase and Strategy, posted deeper slumps than crypto itself.
AI-linked stocks, such as Broadcom and Oracle continue to reel from soft earnings results last week, as CoinDesk reported earlier Monday.
Data shows 181,893 traders were liquidated, with long positions accounting for over 87% of total losses — a clear sign that the move was driven less by fresh…
